Dubai: the largest energy rehabilitation project in the Middle East awarded to Veolia

Etihad ESCO, in partnership with National Bonds Corporation, has entrusted Enova – a Majid Al Futtaim and Veolia joint venture – with the largest energy retrofit project in the United Arab Emirates and the Middle East. Objective within 6 years: reduce electricity and water consumption in the Jebel Ali Free Zone (Jafza) in Dubai by 31%.

This major project was signed by the Chairman of ESCO[1], His Excellency Saeed Al Tayer, and by the Chairman of DP World, owner of the Economic Zone World (EZW) which operates the Jafza Free Zone, His Excellency Sultan Bin Sulayem.

Anne Le Guennec, Enova’s CEO, welcomes this new challenge: "We are particularly proud to be making an even greater contribution to the ambitious energy goals Dubai has set itself by participating in the largest energy retrofit project in the Middle East."

"This retrofit project is an important step for Etihad ESCO which is determined to make Dubai the leader in energy efficiency solutions in the region", said His Excellency Saeed Al Tayer, Chairman of Etihad ESCO.

"With the contribution of the National Bonds Corporation alongside Etihad Esco, EZW is able to renovate its buildings while simultaneously benefitting from a cash flow positive operation. We are delighted to conclude this agreement with these two partners. Significant improvements will be made to the Jafza buildings in order to increase the comfort of residents," stated His Excellency Sultan Bin Sulayem, Chairman of DP World.

"This project with EZW and Etihad ESCO is evidence of the diversification of Dubai's commitment to sustainable investment. We are excited to be able to facilitate this strategic project through direct investment, while simultaneously protecting the environment," added His Excellency Khalifa Al Daboos, Chairman of National Bonds Corporation.